Information Provided By:
Fly News Breaks for September 25, 2019
Sep 25, 2019 | 06:49 EDT
JPMorgan analyst Stephen Tusa started Chart Industries with a Neutral rating and $73 price target. The analyst believes near-term customer capex headwinds could "dent" the company's 2020 view. The analyst would look to get more positive on the shares when estimates come down.
News For GTLS From the Last 2 Days
Feb 24, 2020 | 06:41 EST
Chart Industries (GTLS) signed a Letter of Cooperation with ExxonMobil India LNG Limited, an affiliate of ExxonMobil (XOM), and Indian Oil Corporation focused on pioneering virtual pipelines to accelerate gas access in India. Virtual pipelines deliver liquefied natural gas by road, rails and waterways not connected by physical pipelines. In early 2019, Chart signed a Memorandum of Understanding with IOCL to promote the development of the LNG Market in India, focusing on modular liquefaction, regasification applications, LNG bunkering, fueling stations and alternative LNG mobile transportation including ISO containers. This Letter of Cooperation expands the reach and potential scale within a significantly growing country that has committed to clean energy options.